Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Nissan cuts prices on seven US models
Auto
April 30, 2013

Nissan cuts prices on seven US models

Automaker banking on increased Internet sales

DETROIT (AP) – Nissan is cutting prices on seven of its 18 models in the US, hoping its cars and trucks will show up in more Internet searches by shoppers.

The price cuts vary with the amount of equipment on each model. They run from 2.7 per cent, or US$580, on the top-selling Altima midsize car to 10.7 per cent, or US$4,400, on the Armada big SUV. Executives are under pressure to sell more cars, with Nissan’s CEO targeting a 10 per cent US market share within three years.

Nissan is also cutting prices on the Sentra compact car, Juke small crossover SUV, Murano midsize crossover, Rogue small crossover and the Maxima full-size car.

Jose Munoz, Nissan senior vice president of sales and marketing for the Americas, said the seven vehicles account for 65 per cent of Nissan’s US sales. The sticker prices, he said, were higher than similar models from competitors, and that kept Nissan vehicles out of some Internet searches.

“In some of the customer searches we may not appear,” Munoz said. “We want to be considered by as many customers as possible.”

Nissan-Renault CEO Carlos Ghosn has set a goal of taking 10 percent of US sales by 2016 or sooner. In the first quarter, Nissan’s sales fell 1.3 per cent. Its share of the US market was 8.6 per cent, according to Autodata Corporation.

The company plans to reduce rebates and other discounts. Nissan is facing intense competition from US-based automakers and its prime Japanese competitors, Toyota Motor Corporation and Honda Motor Company.

Sales rebounded in April, rising 23 per cent, Nissan said Wednesday.

The price cuts are effective Friday for cars and trucks that aren’t yet on dealer lots. However Nissan will also make allowances to trim the prices of cars currently in dealer inventories. The cuts will remain in effect indefinitely.

Industry analysts say Nissan can afford the cuts because of efforts in Japan to weaken the yen against the dollar. That makes cars and parts made in Japan cheaper than goods made in the US Nissan’s Munoz denied the weak yen influenced Nissan’s decision, saying that four of the seven affected models are built in North America.

Nissan builds about 75 per cent of its cars sold in the US in North America. That should rise to 89 per cent by the end of next year when the company shifts production of the Rogue and Murano.

General Motors officials said they had no plans to match Nissan’s move. GM sales for April rose 11 per cent.

“We think based on our results we’ve got a pretty good formula,” said Kurt McNeil, GM’s US sales chief. “And we’re not going to respond at this point to what could be … desperation. “

General Motors did have to resort to price-cutting earlier this year. It trimmed US$300 to US$770 off the sticker price of its slow-selling midsize Chevrolet Malibu.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Prime Minister urges hope, resilience in Christmas message amid hurricane recovery
Latest News, News
Prime Minister urges hope, resilience in Christmas message amid hurricane recovery
December 24, 2025
KINGSTON, Jamaica — Prime Minister Dr Andrew Holness has urged Jamaicans to hold on to hope and unity as the country recovers from the effects of Hurr...
{"jamaica-observer":"Jamaica Observer"}
GSAJ,  free zones  spread holiday cheer to hurricane victims
Latest News, News
GSAJ, free zones spread holiday cheer to hurricane victims
December 24, 2025
ST JAMES, Jamaica — In a powerful display of corporate synergy and seasonal goodwill, the Montego Bay Free Zone (MBFZ), in partnership with the Global...
{"jamaica-observer":"Jamaica Observer"}
Popular Holland Bamboo coconut vendor resumes trade
Latest News, News
Popular Holland Bamboo coconut vendor resumes trade
December 24, 2025
KINGSTON, Jamaica — The iconic Holland Bamboo, in St Elizabeth, once a lush covering of bamboo trees which intersect over the road, now shows signs of...
{"jamaica-observer":"Jamaica Observer"}
Jamaica Draughts Association crowns first female national champion, Dr Mishka Chung
Latest News, Sports
Jamaica Draughts Association crowns first female national champion, Dr Mishka Chung
December 24, 2025
The Jamaica Draughts Association crowned its first female champion during the National Pool Checkers Championships at the Port Rhoades Sports Club in ...
{"jamaica-observer":"Jamaica Observer"}
WATCH: Citizens commend St Elizabeth police
Latest News, News
WATCH: Citizens commend St Elizabeth police
December 24, 2025
ST ELIZABETH, Jamaica — Even as St Elizabeth police chief Superintendent Coleridge Minto has assured citizens of safety and security in the southern p...
{"jamaica-observer":"Jamaica Observer"}
Jamaicans’ holiday cash demand softer than expected, central bank data shows
Latest News, News
Jamaicans’ holiday cash demand softer than expected, central bank data shows
December 24, 2025
KINGSTON, Jamaica – The public’s demand for physical cash ahead of the Christmas holidays was softer than both the central bank and last year's patter...
{"jamaica-observer":"Jamaica Observer"}
Gas prices down $0.67, $0.69; Diesel down $2.25
Latest News
Gas prices down $0.67, $0.69; Diesel down $2.25
December 24, 2025
KINGSTON, Jamaica—Motorists should see a decrease at the pumps in the price of gasoline effective Thursday, December 25, according to the latest ex-re...
{"jamaica-observer":"Jamaica Observer"}
‘Winter Champions’ Racing on track after JPL first round, says Patrick
Latest News, Sports
‘Winter Champions’ Racing on track after JPL first round, says Patrick
December 24, 2025
Racing United’s sojourn to the top of the standings after the first round of games in the Wray and Nephew Jamaican Premier League (JPL) this season is...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct